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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in general and administrative expenses consisted of the following:
 Years Ended December 31,
(in millions)202220212020
PBF Energy options$19.1 $17.3 $16.1 
PBF Energy restricted shares 11.6 2.8 5.3 
PBF Energy performance awards13.4 10.2 7.9 
$44.1 $30.3 $29.3 
Schedule of Weighted Average Assumptions
 December 31, 2022December 31, 2021December 31, 2020
Expected life (in years)6.006.006.08
Expected volatility87.6 %83.8 %69.1 %
Dividend yield0.00 %0.00 %1.41 %
Risk-free rate of return3.24 %1.37 %0.81 %
Exercise price$29.16 $13.91 $13.58 
Weighted average fair value per option granted$21.68 $9.84 $5.49 
Schedule of Share-based payment Awards, Performance Awards, Valuation Assumptions
The grant date fair value was calculated using a Monte Carlo valuation model with the following assumptions:
December 31, 2022December 31, 2021December 31, 2020
Expected life (in years)3.08
3.12
 2.89 - 3.14
Expected volatility65.16 %
83.78%
39.88% - 82.63%
Dividend yield2.18 %
0.00%
0.00% - 4.28%
Risk-free rate of return3.90 %
0.87%
0.26% - 1.34%
Weighted average grant-date fair value per PSU$45.91 $18.73 $10.77
Employee Stock Option  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Share-based Compensation Activity
The following table summarizes activity for PBF Energy options for 2022:
Number of
PBF Energy
Class A
Common
Stock Options		Weighted
Average
Exercise Price		Weighted
Average
Remaining
Contractual
Life
(in years)
Stock-based awards, outstanding at January 1, 202215,049,759 $24.48 6.51
Granted22,000 29.16 10.00
Exercised(4,208,685)24.54 — 
Forfeited(210,800)22.65 — 
Outstanding at December 31, 202210,652,274 $24.50 5.96
Exercisable and vested at December 31, 20227,826,241 $27.01 5.26
Total expected to vest as of December 31, 202210,652,274 $24.50 5.96
Restricted Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Share-based Compensation Activity
The following table summarizes activity for PBF Energy restricted stock:
Number of
PBF Energy
Restricted Class A
Common Stock		Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2022155,687 $16.09 
Granted659,165 35.73 
Vested(109,402)19.42 
Forfeited— — 
Nonvested at December 31, 2022705,450 $33.92 
Unrecognized compensation expense related to PBF Energy Restricted Class A common stock at December 31, 2022 was $12.0 million, which will be recognized from 2023 through 2025.
The following table reflects activity related to our restricted stock:
December 31, 2022December 31, 2021December 31, 2020
Weighted-average grant-date fair value per share of restricted stock granted$35.73 $16.13 $9.82 
Fair value of restricted stock vested (in millions)$3.3 $3.1 $4.2 
Performance share units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Share-based Compensation Activity
The following table summarizes activity for PBF Energy performance share awards:
Number of
PBF Energy Performance Share Units (“PSUs”)		Weighted Average
Grant Date
Fair Value
Nonvested at January 1, 2022745,525 $13.93 
Granted190,463 45.91 
Vested(37,784)27.71 
Forfeited(111,678)13.92 
Nonvested at December 31, 2022786,526 $21.02 
Performance Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Share-based Compensation Activity
The following table summarizes activity for PBF Energy performance unit awards:
Number of
PBF Energy
Performance Units
Nonvested at January 1, 202220,178,013 
Granted15,614,603 
Vested(1,231,770)
Forfeited(3,105,896)
Nonvested at December 31, 202231,454,950